Onyx South Park
424 W Pico Blvd, Los Angeles, CA 90015
162 units
Description
Jones Lang LaSalle, Inc., ("JLL") is pleased to present the opportunity to acquire ORA Apartments, a 74-unit luxury apartment building adjacent to Lake Merritt, one of Oakland's most desirable neighborhoods. Built in 2019, this 100% market rate asset offers investors immediate cash flow and operational flexibility without affordable housing restrictions, while capitalizing on the Lake Merritt district's strong rental fundamentals driven by its waterfront amenities, walkable urban lifestyle, and proximity to Downtown Oakland's employment centers and BART connectivity.
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Attributes
Number of units
74
Year built
2019
Avg. Unit Size
787
Media
Investment Highlights
- WALKABLE TO TWO BART STATIONS WITH DIRECT ACCESS TO THE BAY AREA
- OAKLAND’S SUPPLY OF UNITS IS NEARLY FULLY ABSORBED, WITH MINIMAL SUPPLY EXPECTED IN THE NEAR FUTURE
- POISED TO BENEFIT FROM OAKLAND’S RECOVERY
- SIGNIFICANT DISCOUNT TO REPLACEMENT COST
- PREMIER 100% MARKET RATE ASSET
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ORA Apartments (0 Properties)
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Last updated
30 Apr 2026
